THE CONCEPT OF SOCIAL CAPITAL IN ECONOMIC THEORY

Economic research at the turn of the century has been explicitly dealing with the social capital, as a special form of capital. It is a relatively new concept, which is why it is not surprising that there is no generally accepted term to denote this phenomenon. The social capital means the economic benefit of the society, which can be reached with the help of communication, cooperation, and trust among the entities in the given socio-economic environment. The social capital is most often regarded as the ability of social structures and attitudes that support them to increase the effectiveness of collective action. The social capital is a connective tissue, a glue that helps people to use available resources for creating mutual benefits. Its existence is a prerequisite for economic growth and development. The components of the social capital are social ties and networks that can be transformed into economic capital.


Editor(s):
Simonovic, Dragoljub
Simonovic, Zoran
Issue Date:
Mar 25 2015
Publication Type:
Journal Article
DOI and Other Identifiers:
Ekonomika (Other)
Vol 61 (Other)
Issue 1 (Other)
pp 73-84 (Other)
2015 (Other)
PURL Identifier:
http://purl.umn.edu/200272
Published in:
Ekonomika, Journal for Economic Theory and Practice and Social Issues, Volume 61, Issue 1
Page range:
73-84
Total Pages:
12
JEL Codes:
J24; O35




 Record created 2017-04-01, last modified 2017-08-28

Fulltext:
Download fulltext
PDF

Rate this document:

Rate this document:
1
2
3
 
(Not yet reviewed)